C&G Bank of Grandma and Grandpa

LONDON, January 28, 2011 - 'Silver savers' put away just over GBP1k a year for their grandchildren;
according to new research by C&G Savings. As a result, many grandchildren
could be handed nest eggs of up to GBP20k by their grandparents at some stage
during their life. With yearly contributions hitting GBP1,094 and the
majority of 'silver savers' (27%) getting into the savings habit as soon as a
grandchild is born, many grandchildren could receive nest eggs of up to
GBP20k (GBP19,692) when they reach 18 years of age. One third of grandparents
(33%) are currently saving for their grandchildren. The 'silver saver'
phenomenon increases as grandparents get older and is higher amongst those
aged over 65 (37%) compared to those aged 35 to 44 year olds (14%).

For a copy of the full release - please contact the press office on
+44(0)207-356-1405/+44(0)1422-333829 or at pressoffice@halifax.co.uk

For a copy of the full release - please contact the press office on
+44(0)207-356-1405/+44(0)1422-333829 or at pressoffice at halifax.co.uk